American Economy R.I.P?

DriftingByTheStorm

South of Seattle wrote:

Get rid of your currency and invest in Gold and Silver.

Gold went up 10% since i made that little rant and rave last month.
It was $650 when i was thinking about selling out and buying gold.
It's $690 now!

RolandTD20Kdrummer

jlew24asu wrote:

but only post the negatives? how bout posting the other side of the coin sometimes?

Which is?

jeffbr

RolandTD20Kdrummer wrote:

Just putting the picture together.

You're putting YOUR picture together, not THE picture together. There's a distinction. I could paint a picture of Canada as a land of beauty and wilderness and nothing but peace and tranquility. I could paint a picture of Canada as a haven for the drug-addled homeless. Those pictures could be painted with facts. Neither picture would be an actual representation of reality.

jlew24asu

RolandTD20Kdrummer wrote:

Which is?

how about the resiliency of the stock market and the strenght of corporate earnings during hard times.

last 3 years....

DOW
http://money.cnn.com/quote/chart/chart.html?symb=djia&sid=1643&time=3yr&Submit1=Refresh

NASDAQ
http://money.cnn.com/quote/chart/chart.html?symb=nasdaq&sid=3291&time=3yr&Submit1=Refresh

S&P
http://money.cnn.com/quote/chart/chart.html?symb=spx&sid=3377&time=3yr&Submit1=Refresh


market is even UP today and the price of OIL has hit a RECORD high. TODAY it did.

jeffbr

DriftingByTheStorm wrote:

Gold went up 10% since i made that little rant and rave last month.
It was $650 when i was thinking about selling out and buying gold.
It's $690 now!

Right now may be a good time to get in. But there will probably be a good time to get out as well. I remember a friend of mine put a bunch of money in Gold in 1980 when it was around $650 after increasing in value 4x over the previous 5 years. He thought it was a sure fire way to financial success. I saw him again 5 years later and his investment had lost half it's value.

Shit happens. The stock market goes up and down (in the short term, and consistently up in the long term), metals go up and down, interest rates go up and down.

spiral out

jlew24asu wrote:

of course it will have problems. I didnt say otherwise. as much as you and roland would like to see it completely collapse, it wont. I hate to break that to you. and im not your bud

Oooooo touchy.

Have you studied the past? Whats happening now is the big banks are bailing the economy out, but all it's doing is proping it up for the short term.

Eventually we are going to see the true consequences of what is happening now.

DriftingByTheStorm

jeffbr wrote:

Right now may be a good time to get in. But there will probably be a good time to get out as well. I remember a friend of mine put a bunch of money in Gold in 1980 when it was around $650 after increasing in value 4x over the previous 5 years. He thought it was a sure fire way to financial success. I saw him again 5 years later and his investment had lost half it's value.

Shit happens. The stock market goes up and down (in the short term, and consistently up in the long term), metals go up and down, interest rates go up and down.

"it's all a gamble when it's just a game."

i know jeff. the best place to be is probably rental real estate. assuming with the new lending "rules" you have enough capital to get in the game. Investment mortgages arent being taken on by banks with less than 20% down right now. I know, because I am trying to get in the game, and I'm having to look to Georgia to find houses cheap enough to get in with.

RolandTD20Kdrummer

jlew24asu wrote:

how about the resiliency of the stock market and the strenght of corporate earnings during hard times.

last 3 years....

DOW
http://money.cnn.com/quote/chart/chart.html?symb=djia&sid=1643&time=3yr&Submit1=Refresh

NASDAQ
http://money.cnn.com/quote/chart/chart.html?symb=nasdaq&sid=3291&time=3yr&Submit1=Refresh

S&P
http://money.cnn.com/quote/chart/chart.html?symb=spx&sid=3377&time=3yr&Submit1=Refresh


market is even UP today and the price of OIL has hit a RECORD high. TODAY it did.

Lets hope it does. I hope it does.

jlew24asu

spiral out wrote:

Oooooo touchy.

Have you studied the past? Whats happening now is the big banks are bailing the economy out, but all it's doing is proping it up for the short term.

Eventually we are going to see the true consequences of what is happening now.

please give us a history lesson.

big banks and the fed are helping (not bailing out) the economy making up for poor subprime loans. these make up less then 5% of all loans. lending will tighten and the dumbasses who bit off more then they can chew will suffer.

american economy collapse?, I dont think so.

spiral out

jlew24asu wrote:

please give us a history lesson.

big banks and the fed are helping (not bailing out) the economy making up for poor subprime loans. these make up less then 5% of all loans. lending will tighten and the dumbasses who bit off more then they can chew will suffer.

american economy collapse?, I dont think so.

No metion of a collapse anywhere in my post.

And they are bailing them out and again this is a global not american thing.

They are going to cut your interest rates so the dumbasses as you put it will feel confident to spend. But again if you read up on it you will see that something has to give somewhere.

Myabe you could look up what i'm talking about because quite frankly i'm not here to teach you. You have to do a little of your own reserch some time.

DriftingByTheStorm

jlew24asu wrote:

please give us a history lesson.

big banks and the fed are helping (not bailing out) the economy making up for poor subprime loans. these make up less then 5% of all loans. lending will tighten and the dumbasses who bit off more then they can chew will suffer.

american economy collapse?, I dont think so.

But dumping more cash in to the system devalues the dollar for everyone ... everyone except the first "person" to make a transaction with it ... now that is fair, huh?

If the Fed solution to every crisis and every bad investment made by every company in this country were to dump billions of dollars in "liquidity" (read: freshly printed dollar bills, or zeroes at the end of 1s in bank accounts) ... then our dollars would be worth pennies and our pennies worth pesos.'

Here is your history lesson:
Historical Value of the US Dollar Over 200 Years When Tied to Gold, and When Fiat Currency
A dollar worth less than 7 cents !?!

I completely fail to see how "Oil hit a RECORD high TODAY" is any sort of positive indicator. Oil will continue to soar higher and higher. If it comes down, it is only because one country is increasing their output in the short term, or some country is selling barrels from their reserve.

The fact that oil continues to rise in price should be viewed as a horrible precursor to the decline of empire and the start of WWIII. It definately should not be heralded as some indicator that the economy is on the rebound!

yikes!

jlew24asu

DriftingByTheStorm wrote:

But dumping more cash in to the system devalues the dollar for everyone ... everyone except the first "person" to make a transaction with it ... now that is fair, huh?

If the Fed solution to every crisis and every bad investment made by every company in this country were to dump billions of dollars in "liquidity" (read: freshly printed dollar bills, or zeroes at the end of 1s in bank accounts) ... then our dollars would be worth pennies and our pennies worth pesos.'

Here is your history lesson:
Historical Value of the US Dollar Over 200 Years When Tied to Gold, and When Fiat Currency
A dollar worth less than 7 cents !?!

I agree with this.

DriftingByTheStorm wrote:

I completely fail to see how "Oil hit a RECORD high TODAY" is any sort of positive indicator. Oil will continue to soar higher and higher. If it comes down, it is only because one country is increasing their output in the short term, or some country is selling barrels from their reserve.

you fail to see? oil is a vital commodity to the strength of the economy. the higher the price, the more the economy suffers.

DriftingByTheStorm wrote:

The fact that oil continues to rise in price should be viewed as a horrible precursor to the decline of empire and the start of WWIII. It definately should not be heralded as some indicator that the economy is on the rebound!

if the american economy can shrug off high oil prices, its a sign of strength.

jlew24asu

spiral out wrote:

No metion of a collapse anywhere in my post.

And they are bailing them out and again this is a global not american thing.

They are going to cut your interest rates so the dumbasses as you put it will feel confident to spend. But again if you read up on it you will see that something has to give somewhere.

Myabe you could look up what i'm talking about because quite frankly i'm not here to teach you. You have to do a little of your own reserch some time.

you say this every time. I'm not asking you to teach me anything. how bout just backing up your own shit instead of saying

"i'm right your wrong, go research it"

DriftingByTheStorm

jlew24asu wrote:

I agree with this.

you fail to see? oil is a vital commodity to the strength of the economy. the higher the price, the more the economy suffers.

if the american economy can shrug off high oil prices, its a sign of strength.

I'm sorry.
I thought you were citing rising oil prices as an intrinsic sign of strength.

Althought, "can shrug off high oil prices" is a bit of a reach.
Whose to say that we are not buying all that oil in exchange for education dollars or that it is not all coming at the expense of social security?

For illustrations sake, of course.

spiral out

jlew24asu wrote:

you say this every time. I'm not asking you to teach me anything. how bout just backing up your own shit instead of saying

"i'm right your wrong, go research it"

Now you are agreeing that the fed or any other massive banks bailing things out isn't helping. It's just prolonging the pain.

When these banks require the money back the shit will hit the fan. Just look at the great depression.

Jlew you do alot of talking and never read any links that people put up so what would be the point of me linking stuff? If you are really interested in a topic and i'm sure the economy would be of interest to you considering the job you do, then you will reserch it for yourself.

Plus you seem on the defensive whenever someone says something about america that you don't like. If you turned around and said to me the UK economy looks like it is in for a bit of a ruff time, i would happily agree with you, not get defensive.

Byrnzie

'And while stating that a US or British nuclear attack on Iran was “most unlikely,” Plesch and Butcher did not think it impossible. They calculated that nearly three million “prompt deaths” would occur in the event that 300 kilotonne nuclear bombs were dropped on just 11 suspected Iranian WMD sites.'

Three million “prompt deaths”? I wonder how the British and American media will justify that? I bet they're already working night and day preparing their respctive spin.

'The paper noted the existence of standing US war plans to counter any blockade of the strategic straits of Hormuz in the Persian Gulf, and to seize the western Iranian province of Khurzestan, where the bulk of the country’s oil production occurs.'

jlew24asu

spiral out wrote:

Now you are agreeing that the fed or any other massive banks bailing things out isn't helping. It's just prolonging the pain.

no, it does help in the short term but overall I do not like seeing the feds do this.

spiral out wrote:

When these banks require the money back the shit will hit the fan. Just look at the great depression.

it already is hitting the fan. the good news is subprime loans are only a small % of loans. the overall strenght of the loan make is safe. the only people who will suffer are those who bit off more then they can chew and the loan sharks who will loose their jobs.

spiral out wrote:

Jlew you do alot of talking and never read any links that people put up so what would be the point of me linking stuff? If you are really interested in a topic and i'm sure the economy would be of interest to you considering the job you do, then you will reserch it for yourself.

I do read what people post. if it has to do with the economy, trust me, Im all over it. its what I do for a living. what I do pass up is the constant alex jones links. you have something to post about the global or american economy, lets see it.

spiral out wrote:

Plus you seem on the defensive whenever someone says something about america that you don't like. If you turned around and said to me the UK economy looks like it is in for a bit of a ruff time, i would happily agree with you, not get defensive.

I agree 100% that the american and global economy might see some tough times ahead. what I dont agree with is bullshit like "American Economy RIP" or others saying that economy is going to completely collapse or we are going to some other form of currency. its a joke.

jlew24asu

Byrnzie wrote:

'And while stating that a US or British nuclear attack on Iran was “most unlikely,” Plesch and Butcher did not think it impossible. They calculated that nearly three million “prompt deaths” would occur in the event that 300 kilotonne nuclear bombs were dropped on just 11 suspected Iranian WMD sites.'

Three million “prompt deaths”? I wonder how the British and American media will justify that? I bet they're already working night and day preparing their respctive spin.

'The paper noted the existence of standing US war plans to counter any blockade of the strategic straits of Hormuz in the Persian Gulf, and to seize the western Iranian province of Khurzestan, where the bulk of the country’s oil production occurs.'

spiral out

jlew24asu wrote:

I agree 100% that the american and global economy might see some tough times ahead.

We agree

jlew24asu wrote:

what I dont agree with is bullshit like "American Economy RIP" or others saying that economy is going to completely collapse or we are going to some other form of currency. its a joke.

Now the north american union i wouldn't be so quick to dismiss. How long it takes is another matter. But i think there is a strong possibility considering the new world order is working towards one world goverment.

JamMastaE

jlew24asu wrote:

not to mention we have the largest banks and oil companies in the world. and ever hear of GE ? microsoft? Intel?

of the top 500 companies in the world the US is first with 167 followed by Japan with 67 and France with 38.

banks don't mean shit when your currency is WORTHLESS!!!!!!


your rose colored glasses are gonna get smashed of your face when the truth hits you.